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Weekly Roundup: France Charges HSBC with Tax Crimes, Florida Bank with Rothstein Links Faces Penalty, and More
printU.S. officials will disclose a number of non-prosecution agreements with Swiss banks in the "very near future" following a similar deal inked last week with BSI SA, Reuters said, citing Caroline Ciraolo of the Justice Department's Tax Division. The American deal with BSI SA marked the first in a series of expected resolutions with Swiss banks that committed non-egregious violations of U.S. laws by aiding tax evaders. More HSBC must pay a $1.1 billion bail after French officials filed criminal tax evasion charges targeting the conduct of its Swiss private banking unit from 2006 to 2007, the BBC reported Thursday....
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